For the second time in three years, Infosys chairman NR Narayana Murthy has bid adieu to the iconic company he co-founded with four other techies in 1981.
On Saturday, he stepped down from the top executive post a year after he returned to revive its sagging fortunes.
Though Murthy retired from the $8.3-billion IT bellwether in August 2011 on turning 65 in compliance with the policy he laid down for co-founders at executive posts, the company's board prevailed upon him to return June 1, 2013 for five years.
The dramatic appointment of renowned technocrat Vishal Sikka, former executive board member of German software product firm SAP AG, as the global software major's first outside chief executive from August 1, however, made Murthy to call it quits, cutting short his five-year tenure.
"I decided to exit a year after my return to ensure a smooth transition of responsibilities to the new management and give a free hand to Sikka for steering Infosys into future as a marquee Indian brand in the technology space," Murthy told IANS ahead of the company's 33rd annual general meeting (AGM).
After the handover, the reins of his grown-up "middle child" to Sikka, Murthy will become chairman emeritus again from October 11, relinquishing even as non-executive chairman, an interim post during the transition period.
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